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MYRG does not currently pay a dividend.
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Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and…
MYRG's record revenues, $3.16B backlog, rising earnings estimates and attractive valuation strengthen the case for its growth outlook.
MYR Group remains a hold despite strong Q2 results and robust data center/grid tailwinds; I seek a further price pullback before upgrading. Q2 EPS surged 86% YoY to $3.17, with revenue up 20% to $1.08B, driven by record C&I segment growth and margin expansion. Backlog hit a record $3.16B (+20% YoY), but a significant portion from large projects will not impact revenue until late 2027.
THORNTON, Colo., Sept. 08, 2026 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the KeyBanc Taking Charge: Energy Transition Symposium. MYR Group's Chief Executive Officer, Rick Swartz, Chief Financial Officer, Kelly Huntington, and Vice President, Investor Relations and Treasurer, Jennifer Harper, will meet with institutional investors during the KeyBanc Taking Charge: Energy Transition Symposium on September 17, 2026, virtually. This event is only available to KeyBanc clients.
MYRG's record Q2 revenues and backlog signal continued growth, but project timing, execution and cost pressures could test its pace.
THORNTON, Colo., Sept. 01, 2026 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the Jefferies Renewables, Clean Energy, & Construction investor conference. MYR Group's Chief Executive Officer, Rick Swartz and Chief Financial Officer, Kelly Huntington will meet with institutional investors during the Jefferies Renewables, Clean Energy, & Construction Conference on September 11, 2026, virtually. This event is only available to Jefferies clients.